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Nuveen High Yield Municipal Bond I NHMRX

Analyst rating as of
NAV / 1-Day Return
18.21  /  0.04 %
Total Assets
24.1 Bil
Adj. Expense Ratio
0.540%
Expense Ratio
0.760%
Fee Level
Low
Longest Manager Tenure
20.81 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / Extensive
Min. Initial Investment
100,000
Status
Limited
TTM Yield
4.78%
Effective Duration
10.24 years
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Morningstar’s Analysis

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Nuveen High Yield Municipal Bond Is Closing to Most New Investors; Ratings Unchanged

Senior Analyst

Analyst Note

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Nuveen announced in a prospectus supplemented dated Aug. 19, 2021, that Nuveen High Yield Municipal Bond NHMRX would close to new investors at the close of business on Sept. 30, 2021. In addition to allowing existing investors to continue purchasing new shares, the firm will continue to allow those investing through mutual fund rap and fee-based advisory programs utilizing the strategy and those investing in the fund through affiliated funds of funds, model portfolios, and retirement plans offering the fund to purchase new shares. The firm stated that the decision was made to moderate asset growth but did not reflect a specific capacity ceiling on the strategy; the firm announced the same changes for Nuveen California High Yield Municipal Bond NCHRX.

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